Cui Dongshu: It is expected that during the "14th Five-Year Plan" period, China's annual automobile sales will reach 40 million units

On September 24th, Cui Dongshu, Secretary-General of the Passenger Car Association, stated that looking ahead to the automotive industry during the 14th Five-Year Plan period, it is optimistically expected that the total number of automobile manufacturers will reach 40 million, with an average annual growth rate of 3% during the 14th Five-Year Plan, an average annual export growth of 9%, and a sustained strong performance, with domestic demand achieving an average annual slight growth of nearly 2%. Cui Dongshu mentioned that many people do not believe in the future expectation of 40 million units of global sales for Chinese automobiles, but he believes that the potential of the international market and the domestic consumption potential after tapping into the incremental domestic demand remains considerable